MapOffers in excess of
£595,000Retail property (high street) for sale
Castle Street, Cirencester, Gloucestershire, GL7
Reduced
Retail property (high street)
3,850 sq ft / 358 sq m
Features and description
On the market for the first time in over 45 years!
An attractive Grade II listed, commercial property representing an exciting investment opportunity with potential for redevelopment, subject to obtaining the relevant consents.
The building is situated in the centre of the historic town of Cirencester and provides extensive retail and office accommodation with the benefit of parking and a private garden, lending it to redevelopment to either a single residence, multiple apartments or a mixed-use scheme (STP)
The building extends to a total of around 3,850 Sq Ft (GIA) across 4 floors with separate access to upper parts from the rear.
Location
Cirencester, the "Capital of the Cotswolds," offers a prime location due to its rich history, vibrant local community, and strong tourist market. The town attracts history enthusiasts and visitors exploring the Cotswolds' scenic beauty. With regular markets, nearby attractions, and events, there's steady foot traffic.
The presence of the Royal Agricultural University adds a youthful demographic, while the affluent local population ensures spending power. Cirencester's charming architecture and restaurant culture only serve to enhance its appeal to investors and owner-occupiers alike.
The Property
Retail
On the ground floor is an established retail property extending to around 90 SqM (970 Sq Ft). This element of the property has operated for over 15 years as a successful and established ladies clothing boutique but would lend itself to a number of other retail or hospitality uses.
Uppers
The upper floors are currently laid out as office and studio accommodation but have previously been occupied as residential accommodation in the form of a substantial 2-4 bedroom duplex apartment with separate rear access from the parking and garden area. This element for the property currently extends to around 142 SqM (1,530 Sq Ft) but could be re-configured to provide additional space.
Ancillary Space
The property benefits from an extensive basement, including former bank vault which would be suitable for strong-room use.
Outside
To the side of the property is an area of parking for 1-2 cars which leads to a large single garage, giving additional parking or storage. Behind this is a large courtyard garden with opportunities for both planting and hard landscaping.
Conversion Potential
It is considered that there is significant potential for the conversion of the property to provide either a substantial and attractive family home, several apartments, or a mixed use scheme, all with parking and garden, in an enviable town-centre location: The uppers of the property benefit from separate access to the rear, allowing them to be severed from the retail element. Equally, the building was originally constructed as a merchant’s townhouse and retains many original features that would lend themselves to re-conversion to a grand and impressive house (subject to the necessary consents being obtained).
Additional Information
Services: We understand that mains electricity, water, gas and sewerage are connected to the property.
Town and County Planning: The building is Grade II listed.
Tenure: The property is offered freehold subject to a commercial occupancy on the first and second floors which is governed by an excluded tenancy agreement to 31 March 2026 yielding a rent of £13,200 pax.
Non-Domestic Rates: The premises is assessed as having the following Rateable Values in the 2023 Non-Domestic Rating list:
• Ground Floor Retail: £10,250
• First Floor Retail/Studio: £10,750
• Second Floor Studio: £8,400
Bringing all elements within the scope of Small Business Rates Relief at 100% for qualifying businesses.
EPC: Band C
Local Authority: Cotswold District Council.
An attractive Grade II listed, commercial property representing an exciting investment opportunity with potential for redevelopment, subject to obtaining the relevant consents.
The building is situated in the centre of the historic town of Cirencester and provides extensive retail and office accommodation with the benefit of parking and a private garden, lending it to redevelopment to either a single residence, multiple apartments or a mixed-use scheme (STP)
The building extends to a total of around 3,850 Sq Ft (GIA) across 4 floors with separate access to upper parts from the rear.
Location
Cirencester, the "Capital of the Cotswolds," offers a prime location due to its rich history, vibrant local community, and strong tourist market. The town attracts history enthusiasts and visitors exploring the Cotswolds' scenic beauty. With regular markets, nearby attractions, and events, there's steady foot traffic.
The presence of the Royal Agricultural University adds a youthful demographic, while the affluent local population ensures spending power. Cirencester's charming architecture and restaurant culture only serve to enhance its appeal to investors and owner-occupiers alike.
The Property
Retail
On the ground floor is an established retail property extending to around 90 SqM (970 Sq Ft). This element of the property has operated for over 15 years as a successful and established ladies clothing boutique but would lend itself to a number of other retail or hospitality uses.
Uppers
The upper floors are currently laid out as office and studio accommodation but have previously been occupied as residential accommodation in the form of a substantial 2-4 bedroom duplex apartment with separate rear access from the parking and garden area. This element for the property currently extends to around 142 SqM (1,530 Sq Ft) but could be re-configured to provide additional space.
Ancillary Space
The property benefits from an extensive basement, including former bank vault which would be suitable for strong-room use.
Outside
To the side of the property is an area of parking for 1-2 cars which leads to a large single garage, giving additional parking or storage. Behind this is a large courtyard garden with opportunities for both planting and hard landscaping.
Conversion Potential
It is considered that there is significant potential for the conversion of the property to provide either a substantial and attractive family home, several apartments, or a mixed use scheme, all with parking and garden, in an enviable town-centre location: The uppers of the property benefit from separate access to the rear, allowing them to be severed from the retail element. Equally, the building was originally constructed as a merchant’s townhouse and retains many original features that would lend themselves to re-conversion to a grand and impressive house (subject to the necessary consents being obtained).
Additional Information
Services: We understand that mains electricity, water, gas and sewerage are connected to the property.
Town and County Planning: The building is Grade II listed.
Tenure: The property is offered freehold subject to a commercial occupancy on the first and second floors which is governed by an excluded tenancy agreement to 31 March 2026 yielding a rent of £13,200 pax.
Non-Domestic Rates: The premises is assessed as having the following Rateable Values in the 2023 Non-Domestic Rating list:
• Ground Floor Retail: £10,250
• First Floor Retail/Studio: £10,750
• Second Floor Studio: £8,400
Bringing all elements within the scope of Small Business Rates Relief at 100% for qualifying businesses.
EPC: Band C
Local Authority: Cotswold District Council.
Property information from this agent
About this agent
Moore Allen & Innocent - Cirencester
33 Castle Street
Cirencester, Gloucestershire
GL7 1QD
01285 418986We are an independent partnership specialising in Residential Sales & Lettings as well as Property Management and Auctions with experienced and specialist teams in Cirencester, Lechlade and Tetbury offering a wealth of knowledge and providing advice that you can trust. Whether Residential , Agricultural or Commercial property we recognise that choosing the right agent is often one of the most important decisions you are likely to make - not only from a financial point of view, but also for personal peace of mind . You will certainly have received approaches from a number of agents over the years and you might ask the question “ Why is Moore Allen & Innocent any different to the rest”? Very simply, we understand that whilst every property is different – every vendor and landlord is equally as different, with a unique set of requirements and instructions. At Moore Allen & Innocent we pride ourselves on offering a personally tailored service whether selling or letting, town or country, Period or modern. With an impressive local heritage providing service to our clients throughout the Cotswolds since 1845 our core values of integrity and professionalism have remained the same throughout. As well as being NAEA, ARLA & RICS regulated we are also an independent partnership, so you can rest assured that the owners of the firm are also directly involved in the day-to-day business, taking care of clients and working to the highest standards . So please, Call us, Email us or drop in and See us - we would welcome the opportunity to discuss with you in greater depth our range of services and how we can help.
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